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Government faces outcry over construction of massive 'engines of violence': 'These projects are fraudulently marketed'

Government faces outcry over construction of massive 'engines of violence': 'These projects are fraudulently marketed'

Yahoo4 days ago

A massive industrial development is underway in Indonesia — and it's threatening to displace Indigenous communities and destroy vital rainforests in the name of "green" energy.
According to Mongabay, Indonesia and state-owned Malaysian companies are teaming up to build Southeast Asia's largest hydroelectric project in North Kalimantan — a remote province on the island of Borneo, the third largest island in the world.
The $20 billion plan includes clearing massive amounts of forests for five dams, expected to generate 9,000 megawatts of electricity to power a sprawling new industrial park.
Kalimantan Industrial Park Indonesia is positioned as a future global hub for electric vehicle battery and solar panel manufacturing. But critics warn the dams are already causing harm.
One village of around 28 families has already been relocated, and over 500 families face removal as deforestation and construction continue.
At a national forestry policy meeting last year, Indigenous leaders and environmental groups warned that locals were not properly informed or consulted, despite government claims that the project reflects the shared vision of all "stakeholders."
"Finding fish and animals has already become difficult," Yusmarang, a member of North Kalimantan's Punan Indigenous community, told Mongabay Indonesia. Yusmarang was among those forced to leave his homeland.
In 2007, the governments of Brunei, Indonesia, and Malaysia (three of the countries in Borneo) signed the Heart of Borneo initiative and pledged to conserve nature on the island.
But plans for the new dams include flooding more than 600 acres of Kayan Mentarang National Park — the largest unbroken stretch of protected rainforest on the island and home to over 500 types of orchid and hundreds of rare animal species like clouded leopards, Borneo elephants, and sun bears.
While these hydro projects count toward international clean energy goals, environmental groups argue they come at a steep cost. Dams can trigger the "forcible displacement and deforestation of high-conservation-value forests," Mongabay Indonesia reported.
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Clearing these forests stops trees from being able to absorb polluting gases and releases stored carbon, which will encourage temperatures to creep up and increase the risk of extreme weather patterns.
In Borneo, these forests are also biodiversity hotspots. Their destruction erases crucial habitats and food sources for rare species, and it could even hinder future medical discoveries.
What's more, dams disrupt river ecosystems. As submerged vegetation rots, it produces methane — a potent planet-warming gas. Dams also fragment water flows and disrupt aquatic migration.
The project raises the question: Is the energy gain worth the environmental and human cost?
On the 28th International Day of Action Against Dams in March, communities impacted by dam projects, including those along the Mentarang River, called them "engines of violence, displacement and destruction," per the World Rainforest Movement.
"These projects are fraudulently marketed as green energy, as they ravage rivers, forests and Indigenous communities," the statement continued.
Moving forward, environmental and community leaders can look to Brazil and the Amazon rainforest as a recent example of successful deforestation reduction, with a reduction of over 80% of clearing activity achieved between 2000 and 2010.
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Cautionary Statement Regarding Forward-Looking InformationTo inform readers of the Corporation's future prospects, this press release contains forward-looking information within the meaning of applicable securities laws ("Forward-Looking Information"), including the Corporation's growth targets, power production, prospective projects, successful development, construction and financing (including tax equity funding) of the projects under construction and the advanced-stage prospective projects, sources and impact of funding, project acquisitions, execution of project-level financing (including the timing and amount thereof), and strategic, operational and financial benefits and accretion expected to result from such acquisitions, business strategy, future development and growth prospects, business integration, governance, business outlook, objectives, plans and strategic priorities, and other statements that are not historical facts. Forward-Looking Information can generally be identified by the use of words such as "approximately", "may", "will", "could", "believes", "expects", "intends", "should", "would", "plans", "potential", "project", "anticipates", "estimates", "scheduled" or "forecasts", or other comparable terms that state that certain events will or will not occur. It represents the projections and expectations of the Corporation relating to future events or results as of the date of this press release. Forward-Looking Information includes future-oriented financial information or financial outlook within the meaning of securities laws, including information regarding the Corporation's targeted production, the estimated targeted revenues and production tax credits, targeted Revenues and Production Tax Credits Proportionate, targeted Adjusted EBITDA and targeted Adjusted EBITDA Proportionate, targeted Free Cash Flow, targeted Free Cash Flow per Share and intention to pay dividend quarterly, the estimated project size, costs and schedule, including obtainment of permits, start of construction, work conducted and start of commercial operation for Development Projects and Prospective Projects, the Corporation's intent to submit projects under Requests for Proposals, the qualification of U.S. projects for PTCs and ITCs and other statements that are not historical facts. Such information is intended to inform readers of the potential financial impact of expected results, of the expected commissioning of Development Projects, of the potential financial impact of completed and future acquisitions and of the Corporation's ability to pay a dividend and to fund its growth. Such information may not be appropriate for other purposes. Forward-Looking Information is based on certain key assumptions made by the Corporation, including, without restriction, those concerning hydrology, wind regimes and solar irradiance; performance of operating facilities, acquisitions and commissioned projects; availability of capital resources and timely performance by third parties of contractual obligations; favourable economic and financial market conditions; average merchant spot prices consistent with external price curves and internal forecasts; no material changes in the current assumed U.S. dollar to Canadian dollar and Euro to Canadian dollar exchange rate; no significant variability in interest rates; the Corporation's success in developing and constructing new facilities; no adverse political and regulatory intervention; successful renewal of PPAs; sufficient human resources to deliver service and execute the capital plan; no significant event occurring outside the ordinary course of business such as a natural disaster, pandemic or other calamity; continued maintenance of information technology infrastructure and no material breach of cybersecurity. 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For more information on the risks and uncertainties that may cause actual results or performance to be materially different from those expressed, implied or presented by the forward-looking information or on the principal assumptions used to derive this information, please refer to the "Forward-Looking Information" section of the Management's Discussion and Analysis for the year ended December 31, 2024. SOURCE Innergex Renewable Energy Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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